Eurozone construction output drops by 0.7% in February

09:18, April 20, 2011      

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Construction output in the euro zone dropped by 0.7 percent, compared with the previous month, the European Union (EU)'s statistics bureau Eurostat said on Tuesday.

Year on year, the eurozone construction output rose by 3.5 percent.

Revised figures showed the eurozone construction output in January increased by 3.6 percent month on month but fell by 4.6 percent on yearly basis.

In the 27-nation EU, production in construction sector also rose by 0.7 percent in February, compared with the previous month, and increased by 2.9 percent over a year ago.

Among those member states whose data were available, construction output rose in eight and fell in five on monthly basis in February. While Britain registered the largest monthly increase of 8.2 percent, Slovenia recorded the sharpest drop of 7.9 percent.

Recovery in the European construction sector has been stumbling in the past months due to the adverse impact of the sovereign debt crisis.

Source: Xinhua
 
 
     
 
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